Gold Daily Analysis
The aim of this very simple analysis is to provide a very bright view of the major daily trends in Gold.As we can see a support/resistance area has a influential effect on Gold's direction.We cannot decide which direction it would take but it has broken the horizontal resistance and its a bullish signal but we must consider the fundamental factors that could be very effective and may be completely against our technical analysis.The only thing we can decide in this moment is that it is supported by an ascending trend line.But the crucial point is the RSI indicator! As the trend goes up its RSI goes down and its not a good point for market bulls!
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